Jan. 6 (UPI) -- The Department of Energy has announced it would award $2.7 billion in funding to three companies to increase domestic uranium enrichment over the next decade.
The announcement by the Department of Energy comes as President Donald Trump has sought to reinvigorate the United States' nuclear energy industry as it moves away from foreign sources of energy.
However, the funding authority for the awards originated under President Joe Biden's Investing in America agenda and related legislation that aimed to increase uranium enrichment capacity in the United States to bolster U.S. energy security and resilience, while reducing dependence on Russian energy.
With the announcement, American Centrifuge Operating, General Matter and Orano Federal Services will each receive an award of $900 million.
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